Tabla de Contenidos:
  • Cover; Title Page; Copyright Page; Table of Contents; Introduction; 1
  • Scope of the book; 2
  • Terminology; 3
  • Structure of the book; Part I Introduction to Project Finance; Chapter 1
  • The Characteristics of Project Finance; 1.1
  • Introduction; 1.2
  • Raising finance for large projects; 1.3
  • Using project finance to raise capital; 1.4
  • Risk analysis and risk mitigation; 1.4.1
  • Lender Risk Assessment; 1.4.2
  • Project Bankability; 1.4.3
  • Risk Mitigation and Project Contracts; 1.5
  • Project economics, capital structure and debt capacity.
  • 1.5.1
  • Capital Structure, Debt Capacity and Cover RatiosDebt Service Cover Ratio; Loan Life Cover Ratio; 1.5.2
  • Determining the Level of Cover That Lenders Require; 1.5.3
  • Financial Structuring; 1.6
  • The project finance process; 1.6.1
  • Project Finance Participants; Borrower and Project Sponsors; Lenders; Governments and Government Bodies; Third Party Suppliers, Offtakers; 1.6.2
  • Stages of Project Financing; Stage 1
  • Financing Definition: From Initial Concept to Lender Engagement; Stage 2
  • Structuring and Negotiation: Through to Lender Commitments.
  • Stage 3
  • Documentation, Signing and FundingStage 4
  • Monitoring and Managing: Project Completion and Debt Repayment; 1.6.3
  • Project Financing Process Management and Timing; Role of a Project Finance Advisor; Timing of the Project Finance Process; Chapter 2
  • Project Finance Structures and Techniques; 2.1
  • Introduction; 2.2
  • Project finance structures; 2.2.1
  • Corporate Structures; Single Purpose Incorporated Project Company; Variations on the Traditional Model; 2.2.2
  • Commercial Structures; Project Rationale and Viability; Project Philosophy and Underlying Commercial Deal.
  • Contractual Structures2.2.3
  • Financial Structures; Sources and Uses of Funds; Financial Structures for Equity and Debt; Lender Control Rights and Covenants; Unconventional and Hybrid Financing Structures; 2.3
  • Project finance tools and techniques; 2.3.1
  • Approaches to Structuring Senior Debt; Structuring Techniques for the Development Phase; Structuring Techniques for the Operational Phase; 2.3.2
  • Approaches to Structuring Equity and Sponsor Funding; Share Capital; Sponsor and Shareholder Loans; Timing of Sponsor Funding; Sponsor Returns.
  • 2.4
  • Security structures, sponsor support and other features2.4.1
  • Project Finance Security; 2.4.2
  • Sponsor Support Arrangements; 2.4.3
  • Other Features of Project Finance Structures; Direct Agreements; Financial Derivatives and Hedging Contracts; Chapter 3
  • Sources of Finance and the Global Project Finance Markets; 3.1
  • Introduction; 3.2
  • Sources of equity; 3.2.1
  • Project Sponsors; Nature of Funding Commitments and Joint Venture Arrangements; Sponsor Credit Risks; Sponsor Loan Subordination; 3.2.2
  • Public Markets and Stock Exchange Listing; 3.2.3
  • Other Sources of Equity Funding.
  • 3.3
  • Sources of project finance debt.